Snowflake (NYSE:SNOW) Trading Down 3.7% After Insider Selling

Snowflake Inc. (NYSE:SNOW) was down 3.7% on Friday following insider selling activity. The company traded as low as $172.29 and last traded at $172.49. Approximately 5,836,567 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 5,907,645 shares. The stock had previously closed at $179.20.

Specifically, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at $8,903,703.39. This represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

SNOW has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $280.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research report on Wednesday. Robert W. Baird boosted their price target on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Rosenblatt Securities raised their price objective on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $269.84.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI monetization and partnerships: reports say Snowflake has hit an early ~$100M AI run rate and its AI product stack (Cortex, Document AI) plus large partnerships are driving enterprise adoption and new revenue streams. Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst/preview optimism and consumption trends: Oppenheimer and other previews expect a “solid” Q4 as consumption trends run above plan; Wells Fargo survey coverage also highlights upticks in consumption that could support near‑term demand. Snowflake Seen Delivering ‘Solid’ Q4
• Positive Sentiment: Partner and product integrations strengthen go‑to‑market: elevated partner tiers and product integrations (KPI Partners, Liquibase support) help enterprise adoption and channel reach. KPI Partners Elevates Partnership Tier
• Neutral Sentiment: Mixed analyst signals: some firms (Citigroup) warn downside and have trimmed expectations even as others (many buy ratings remain) keep constructive views — this creates conflicted near‑term guidance for traders. Citigroup Has Lowered Expectations for Snowflake
• Negative Sentiment: Insider selling: Director Frank Slootman sold 100,000 shares (~$17.7M at the sale price) in a disclosed trade, and recent repeated insider sales can spook investors and reduce perceived insider conviction. Frank Slootman Insider Sale Filing
• Negative Sentiment: Shareholder investigations and legal overhang: law firms (Pomerantz, Johnson Fistel) announced probes into investor losses, raising litigation risk and adding regulatory uncertainty that can pressure the stock. Pomerantz Investigation Notice
• Negative Sentiment: Analyst downgrades / price‑target cuts: several shops have trimmed targets (Mizuho, Goldman among others) or issued cautious notes, which reduces near‑term upside expectations and can amplify selling. Mizuho Lowers Snowflake Price Target

Snowflake Stock Performance

The business has a fifty day moving average of $204.30 and a 200-day moving average of $223.81. The company has a market cap of $59.03 billion, a PE ratio of -42.70 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Equities research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently bought and sold shares of SNOW. Avion Wealth grew its holdings in shares of Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after acquiring an additional 49 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in Snowflake in the third quarter worth $25,000. Tripletail Wealth Management LLC purchased a new stake in Snowflake in the third quarter worth $28,000. Kemnay Advisory Services Inc. bought a new position in Snowflake in the fourth quarter worth $28,000. Finally, Rossby Financial LCC lifted its position in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 127 shares during the period. 65.10% of the stock is owned by institutional investors.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.